BUZZ-PVH: Rises as Calvin Klein owner to cut jobs, shut outlets

** Shares of U.S. clothing company rise ~1% to $47.09 after the bell

** Co to cut 450 jobs in N.America, affecting 12% of its office workforce, that would save ~$80 mln annually

** Plans to shutter 162 retail stores of its business that houses brands such as Van Heusen, Calvin Klein and IZOD to cope with the coronavirus crisis

** YTD, PVH stock down ~56% (Reporting by Shreyasee Raj in Bengaluru)

07/14/2020 22:27

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